Telecommunication operations are becoming complex by each passing day. In order to manage their increasing fluctuating nature and control the operational costs, enterprises are using various management tools. These tools reduce the costs and improve the profitability. Growing network of telecom operators and enterprises is giving rise to the demand for the management systems as well. According to the researchers, the telecom operations management market is aiming at healthy growth in terms of demand, revenue and global reach. This growth of the industry is mainly driven by the rising demand and advancing technology in the global information technology and telecommunication sector.
Scope of Research for the TOM Market
Researchers categorize the global telecom operations management system market based on the types of software, services, deployment and geographic regions. The types of software in the market include service fulfillment and assurance, billing and revenue management, resource inventory management, customer and product management, service delivery platform and network management. The type services include system integration, planning and consulting, managed services, and system integration. Cloud and on-premise are the two major deployment modes for the products in the market. Major geographic regions of the market include Asia Pacific, North America, Latin America, Europe, Middle East and Africa. In order to understand the current industry trends and future business opportunities, one needs to analyze the segments in the market.
What to Expect from the Market by 2019?
As per the experts, the global telecom operations management market is steadily driven by the rising demand. The overall industry is witnessing steady rise in demand since the past few years, which is driven by the increasing complexity of these operations. Advancements of the next generation technologies like business support systems, operations support systems and over-the-top services are expected to create strong revenue channels for the market. Investments from key players and business expansion plans across the high growth pockets of the global marketplaces are also helping the industry to continue the momentum of growth. Rising demand from the emerging regions like Asia Pacific and Middle East are also expected to drive the industry on global scale.
As far as the compound annual growth rate (CAGR) for the market is concerned, the researchers are expecting it to be a competitive one. From 2014, the telecom operations management market is estimated to rise at a CAGR of over 8%. At this rate, it is projected to reach $66.83 billion by the end of 2019, which is currently estimated to be worth $44.69 billion in 2014. While North America is estimated to be the largest market for these systems based on market share, Asia Pacific region is expected to witness highest growth rate.